VOICED : Fagor en suspension de pagos

Fagor, a major Spanish appliance group, declared bankruptcy due to heavy debt and declining sales, risking 5,700 jobs globally. The collapse affects its parent company, Mondragón, a cooperative employing 80,000 people worldwide. Fagor's diverse operations included manufacturing and retail. Despite efforts to restructure, the parent company decided not to support Fagor, impacting the Basque region's economy, which has a lower unemployment rate compared to the rest of Spain.

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